Apple has an official Refurbished iPhones webpage that is currently promoting the iPhone 11 Pro that could save you US$280 off the original price. Apple explains what goes into a refurbished iPhone here.

In a new infographic published today by Counterpoint you can clearly see that Apple is the leading smartphone vendor in respect to refurbished smartphone sales. In fact Apple holds 40% market share.  

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Highlights:

• The global refurbished smartphone market grew 15% YoY in 2021.
• The LATAM and India markets registered the highest growth.
• All ecosystem players focused on increasing supply to meet demand.
• Apple led with more than 40% share in the global market. Samsung was a distant second but growing in volume.
• Chinese brands saw a growth spurt in select markets like China and India.
• Refurbished models are increasingly being sold through carriers in mature markets. However, retail channels are growing in most key countries.

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For greater details, see our April report titled "Apple Continues to Lead the Global Refurbished Smartphone Market."